Bain Capital and its employees have contributed to City Year’s development, growth and success for more than two decades. Since 1988, the firm and its people have invested in City Year through a wide range of philanthropic support, including over $40M in financial contributions. More than one-third of Bain Capital employees have participated in volunteer projects, given their expertise as advisors and board members, and made generous financial contributions to the organization. The firm was not only one of the first contributors to City Year’s endowment in 1998, but was also instrumental in the founding of the annual Investment Community Breakfast in Boston.
Bain Capital has sponsored teams of AmeriCorps members for over 16 years, helping develop and support more than 250 young idealists giving a year of service. For the 2017-2018 school year, the firm is continuing their commitment to sponsor teams of corps members serving in Boston, London, New York, Providence and San Jose / Silicon Valley. Additionally, the firm is the only partner supporting every one of City Year’s 28 domestic sites, with the underwriting of Red Jacket Society programs nationwide.
Speaking about the partnership, Jonathan Lavine, Co-Managing Partner of Bain Capital and Chief Investment Officer of Bain Capital Credit, said, “City Year and Bain Capital share a common belief that supporting young people’s education, growth and development is the single most important investment we can make in our future. City Year is an incredible double bottom-line investment. It helps students in high poverty public schools succeed, and at the same time develops AmeriCorps members into civic-minded leaders of tomorrow."
Bain Capital is one of the world's leading private multi-asset alternative investment firms. Since its founding, they’ve supported a wide array of charitable and nonprofit organizations in communities around the world. Through the Bain Capital Community Partnership, the firm works with organizations like City Year to make lasting impact in the neighborhoods where they work and live.